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> Question 17 13.5 pts (CHAPTER 14) You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock =
> Question 17 13.5 pts (CHAPTER 14) You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $86 Expected market risk premium = 8.7% Dividend per share paid just recently = $4.68 Risk-free interest rate = 4.5% Expected annual growth of dividend per share = 5% Stock Beta = 1.56 Calculate the company's cost of equity using the Dividend Growth Model approach. Your answer should be in percent, not in decimals: e.g., 12.34 rather than 0.1234 Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10.23. Do NOT use "%" in your
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